This guide takes you through the advantages that of using the Binance blockchain at online casinos in 2022.
- Binance Chain Casino Sites
- Pros and Cons of Binance Casinos
- Advantages of Binance Gambling Sites
- Disadvantages of Binance Gambling Sites
- Binance Casino Bonuses
- Referral Codes
- Binance Casino Games
- Binance Chain Casino Sites FAQs
Binance Chain Casino Sites
Pros and Cons of Binance Casinos
Advantages of Binance Gambling Sites
- Smaller fees - the BSC has smaller fees than Ethereum and other blockchain solutions. You do not have to pay a large fee every time you execute a smart contract. This has become a problem for Ethereum and could see more online casinos switch to BNB.
- It is also faster - transactions on the BSC are completed in seconds, meaning you can enjoy playing and placing bets without lots of long interruptions.
- The BSC blockchain is relatively uncongested (at the time of writing). Despite its growing popularity, the dApps released have not yet congested the network in the way that they do on Ethereum. It’s important to note that this could change as BSC becomes more widely used. Congestion directly affects the speed of transactions and, by extension, the processing fees.
- Anonymity/privacy - As with other decentralised networks, the BSC network does not require online casinos to carry out know-your-customer (KYC) checks.
- Last but not least, games on the BSC network are provably fair, giving you a safer, more enjoyable playing experience.
Disadvantages of Binance Gambling Sites
- The reliance on smart contracts could be exploited. Since smart contracts are programs that only get executed if certain conditions are met, there is always the possibility of the contract being exploited. If that happened, you could lose your money.
- Although BSC is cheaper than Ethereum at the time of writing, it is not free. There are still transaction fees to execute the contracts. It may only be a few cents if the network is not congested. However, if congestion starts to occur more frequently as the BSC network becomes more popular, the fees may well increase.
- Not many online casinos run on the Binance Chain network. This means that you may have to search harder for a reputable Binance chain casino.
- A smaller variety of games is available - Once you find a reputable online casino that runs on the Binance Smart Chain Network, you should be prepared for a much smaller variety of games.
- As yet, it is un ‘stress tested’ - This means that with only a relatively small number of people using the network, it is hard to predict transaction times and fees if and when it becomes more mainstream.
- The BNB coin is quite volatile, making it probably not the best choice for those new to the crypto market.
Binance Casino Bonuses
First Deposit Match
Binance Casino Games
- Barbell Roll
- Dice It
- Treasure Chest
Binance Chain Casino Sites FAQs
Are Binance Chain Casinos Safe?
As with all online casinos, some Binance chain sites will be reputable, and others will be unlicensed and unsafe. You should always check that the online casino you are visiting has a gambling licence as a matter of course. Sites operating without a licence offer a much higher risk should any issues arise.
What is the Best Binance Chain Casino?
The best Binance chain casino for you will always depend on your specific requirements. Each online casino will offer different games, bonuses and other features. It is all down to personal preference.